What Next for Axalta Coating Systems LTD.HARES (NYSE:AXTA) Stock After Decrease in Shorted Shares?

May 17, 2018 - By Gloria Calhoun

The stock of Axalta Coating Systems LTD.HARES (NYSE:AXTA) registered a decrease of 17.22% in short interest. AXTA’s total short interest was 7.71M shares in May as published by FINRA. Its down 17.22% from 9.31M shares, reported previously. With 2.19 million shares average volume, it will take short sellers 4 days to cover their AXTA’s short positions. The short interest to Axalta Coating Systems LTD.HARES’s float is 3.57%.

The stock increased 0.69% or $0.22 during the last trading session, reaching $32.17. About 143,367 shares traded. Axalta Coating Systems Ltd. (NYSE:AXTA) has declined 1.73% since May 17, 2017 and is downtrending. It has underperformed by 13.28% the S&P500.

Axalta Coating Systems Ltd., through its subsidiaries, makes, markets, and distributes coatings primarily for the transportation industry. The company has market cap of $7.89 billion. It operates through two divisions, Performance Coatings and Transportation Coatings. It has a 214.47 P/E ratio. The Performance Coatings segment offers various water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment maker dealership body shops.

Axalta Coating Systems Ltd. (NYSE:AXTA) Ratings Coverage

Among 12 analysts covering Axalta Coating Systems (NYSE:AXTA), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Axalta Coating Systems had 18 analyst reports since November 28, 2017 according to SRatingsIntel. Susquehanna maintained the stock with “Hold” rating in Wednesday, February 14 report. Nomura maintained the shares of AXTA in report on Thursday, February 8 with “Neutral” rating. KeyBanc Capital Markets maintained Axalta Coating Systems Ltd. (NYSE:AXTA) on Thursday, December 14 with “Buy” rating. BMO Capital Markets initiated the shares of AXTA in report on Tuesday, March 27 with “Hold” rating. The rating was downgraded by Seaport Global on Tuesday, April 17 to “Hold”. Bank of America upgraded it to “Hold” rating and $3500 target in Friday, April 27 report. Robert W. Baird maintained the shares of AXTA in report on Friday, December 1 with “Buy” rating. The firm has “Hold” rating by Vertical Research given on Friday, December 1. The firm earned “Buy” rating on Tuesday, November 28 by KeyBanc Capital Markets. Credit Suisse maintained the shares of AXTA in report on Wednesday, February 7 with “Outperform” rating.

More news for Axalta Coating Systems Ltd. (NYSE:AXTA) were recently published by: Streetinsider.com, which released: “Buffett’s Berkshire 13F Confirms Increase in Apple (AAPL) Stake Along with Increase in Holdings of Teva (TEVA) (More…)” on May 15, 2018. Seekingalpha.com‘s article titled: “Vulcan Value Partners Commentary – Q1 2018” and published on May 01, 2018 is yet another important article.

Axalta Coating Systems Ltd. (NYSE:AXTA) Ratings Chart

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